Reminder: Profits and Cash Flow Are Not the Same
Many profitable businesses experience cash flow shortages, especially during periods of rapid growth. Business owners may find themselves puzzled by owing taxes while struggling to cover everyday expenses. The confusion often stems from the fundamental differences between profits and cash flow. Understanding Operating Activities Profits are closely linked to taxable income and are reported at […]
Gaining Real-Time Insights with Flash Reports
Preparing financial statements that comply with accounting standards can take anywhere from two to six weeks. The process can be even longer if an external accountant reviews or audits the reports. However, timely information is essential for making informed business decisions and adjusting strategies when results deviate from expectations. To gain quicker insights, many proactive […]
